USDZAR: Aggressive speculation

Short

U.S. Dollar / South African Rand (FX:USDZAR)

Updated

FX:USDZAR U.S. Dollar / South African Rand

5-wave completion at TL-ML intersection with Stoch(13,3,3) divergence in 1h. S/L around 161, R/R almost 1:20.

Comment:

Failed at 161. So maybe next time.

Comment:

Re-entered because of the wedge-looking upside move with significantly low volume. Though this time my stop is wider so no 1:20.

Comment:

Profit taken after the rapid move with the Fed's decision. Will re-enter soon.

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